Fiat 500 Could Have Market in U.S. Says GM Chief

By David Patton

GM Chief Executive Richard Wagoner said Wednesday that Fiat SpA’s small 500 car could have a market in the U.S.

Fiat’s tiny 500 Abarth (Associated Press)

“Considering the trend in gasoline prices in the U.S., which recently increased to $3 per gallon and which could reach $4 per gallon, it can’t be excluded that such a car could find buyers in the U.S. market,” Mr. Wagoner said at the auto show.

He added that “it will take time” for such small cars to find their place in the market.

“Americans’ mentality needs to change,” he said. “From what I’ve seen, the 500 is very well built and sales are strong.” – Rosario Murgida

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